The Indian stock market is expected to open higher amid mixed global cues. The Sensex and Nifty paused their rally but foreign investors have shifted to net buyers. Analysts recommend a 'buy-on-dips' strategy with key support and resistance levels.

Markets have staged a sharp recovery after a massive sell-off yesterday, with the Nifty reclaiming the 23,850 mark. What triggered this rally, and where is the market headed next? Santosh Meena, Head of Research at Swastika Investmart,

Indian equity benchmark indices, BSE Sensex and Nifty50, opened flat in trade on Wednesday. While BSE Sensex was above 80,000, Nifty50 was near 24,180.

Within the Nifty index, Mahindra and Mahindra, Coal India, Wipro, Kotak Bank and Tech Mahindra were among the top gainers. On the other hand, Cipla, ONGC, Tata Consumer, Bharti Airtel and UltraTech Cement were among the top losers.

The 30-share Sensex fell 105.79 points or 0.13 per cent, settling at 80,004.06. During trading, it dropped 311.18 points or 0.38 per cent to 79,798.67. The NSE Nifty decreased by 27.40 points or 0.11 per cent to 24,

The Nifty 50 ended the session with a modest drop of 0.11%, closing at 24,194 points, while the Sensex also posted a slight loss of 0.13%, settling at 80,004 points.